Balance sheet
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2015
respected sir,
please discuss the difference between personal balance sheet and business balance sheet (which we submitt to the department through itr ).and how to co-relate these two balance sheets .please disuss
please discuss the difference between personal balance sheet and business balance sheet (which we submitt to the department through itr ).and how to co-relate these two balance sheets .please disuss
03 June 2015
business balancesheet doesnt include personal assets and liabilities. And the personal balancesheet will include the net worth of the business in it as an asset. In case of negative net worth, it will reflect as a liability
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